Legislative Update: Benefits and the Tax Bill | Planning a Compliant Wellness Program

Written by Allison Loehman | January 11, 2018

Benefits and the Tax Bill

Every day on our LinkedIn, Twitter, and Facebook pages, we share need-to-know industry information for benefits pros. If you haven't joined the experts who follow us, here are the top stories from around the web revolving around benefits and the Tax Bill.

Legislative Update: Benefits and the Tax Bill

Last month, the GOP tax bill was signed into law - but that was only the beginning for this complicated piece of legislation. The IRS still must issue guidance on compliance, and employers are wondering what effects the bill will have on their businesses. Our CFO, Rick Bakewell shared his predictions on how the tax bill will affect the benefits industry.

Planning a Compliant Wellness Program

A new year means many of your employees are likely recommitting to their health and wellness for 2018. Supporting their efforts with a well-planned wellness program can have a major impact on your benefit costs, as well as being a valuable engagement and retention tool. You'll only reap the benefits if you avoid steep penalties. Our compliance expert, Larry Grudzien, will cover the compliance issues you need to know in a one-hour webinar on Tuesday, January 16; register now! All of our past webinars are available here.

IRS Letter 226J

The IRS has begun sending Letter 226J, seeking to collect Employer Shared Responsibility Payments and other ACA noncompliance penalties from employers. Our Chief Counsel, Kelly McMillen covered what the notice means, how to assess your liability, and what to include in your response in a recent blog post.

The IRS announced a 30 day extension of the deadline to furnish certain ACA forms to employees. However, the deadline to file with the IRS has not changed. There's still work to do - and we've opened a few more spots for our ACA services to help. Deadlines are approaching quickly, so request a demo today.

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Topics: Legislative Update, For Employers